WASHINGTON, D.C. – The U.S. International Development Finance Corporation (DFC) Chief Executive Officer (CEO) Scott Nathan met with President of Angola João Lourenço today to discuss DFC’s commitment to building a robust pipeline of strategic infrastructure projects in Angola. This meeting took place shortly after President Lourenço’s meeting with President Biden and built on previous meetings between President Lourenço and CEO Nathan. It helped identify additional opportunities for DFC to mobilize private capital to meet Angola’s development goals through investments in critical infrastructure such as rail, digital networks, electricity transmission, and water systems, as well as other sectors.
CEO Nathan updated President Lourenço on DFC’s contributions to President Biden’s Partnership for Global Infrastructure and Investment. DFC is currently conducting due diligence for a potential financing package of $250 million for the Lobito Atlantic Railway Corridor, an open-access rail line from Lobito Port in Angola to the Democratic Republic of the Congo (DRC) border. This project would help to connect and develop trading and economic activity from Angola to the DRC to promote greater investments in agriculture, digital infrastructure, and expanded access to electricity. CEO Nathan and President Lourenço also discussed potential DFC support that will help strengthen the water sector in southern Angola.
CEO Nathan led the U.S. delegation to President Lourenço’s inauguration in September 2022. The two also met on the sidelines of the U.S.-Africa Leaders Summit in Washington, D.C. in 2022, as well as at the U.N. General Assembly meetings in September of this year.
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The U.S. International Development Finance Corporation (DFC) partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, infrastructure, agriculture, and small business and financial services. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.